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Use remote machinery to mine at depth ­– Jourdan 

By: Martin Creamer     23rd May 2019 Independent consultant Dr Paul Jourdan on Thursday urged South Africa to cease sending people down dangerous deep-level mines and to come up with remote machinery to mine at depth. He was speaking at the Southern African Mining Supply Chain Conference and Strategy Workshop , which was hosted by... 

New Technology Conference and Trade Show

23rd May 2019 The Southern African Institute of Mining and Metallurgy (SAIMM) New Technology Conference and Trade Show take place from 5 to 6 June 2019 at the Canvas Riversands Incubation Hub. This event offers an superb opportunity for mining companies, equipment suppliers, technology and service providers,... 

Zimbabwe mine output subdued in first quarter as dollar crunch bites

By: Reuters     22nd May 2019 Zimbabwe's mining sector was subdued in the first quarter due to a severe dollar crunch that affected production, with gold the most hit, the mining chamber said, adding some bullion miners had experienced recently introduced power cuts. Mining generates most of the export earnings for the... 

Barrick bids for rest of Acacia as Tanzania refuses direct settlement  

By: Mariaan Webb     22nd May 2019 Toronto-headquartered Barrick Gold has presented a proposal to its London-listed subsidiary Acacia Mining to buy the rest of the shares in the miner that it does not already own for $285-million. The share-for-share exchange of 0.153 Barrick shares for each ordinary share of Acacia implies a... 

Adani commits to invest Abbot Point water monitoring equipment

By: Esmarie Iannucci     21st May 2019 The Queensland government has ceased court proceedings against Indian major Adani relating to stormwater release during Cyclone Debbie in 2017, with Adani agreeing to invest in water monitoring equipment at the Abbot Point Operations. The Department of Environment previously claimed at the Abbot... 

Oil climbs as Opec signal on output curbs overshadows trade risk

By: Bloomberg     21st May 2019 Oil rose for a second day on signs Opec and its allies will extend production cuts beyond June, while a steadily deteriorating US-China trade relationship kept prices from pushing higher. Futures in New York extended their gains after closing up 0.5% on Monday. Saudi Energy Minister Khalid... 

Brazil iron-ore exports in rise in first half of May amid higher prices

By: Reuters     21st May 2019 Brazil's iron-ore exports rose sharply in the first half of May, data showed on Monday, recovering from a more than seven-year low in April, as higher prices encouraged sellers to close more deals internationally. Until May 17, Brazil exported 16.2-million tonnes, according to data from the... 

Zimbabwe got loan from Afreximbank using platinum collateral

By: Bloomberg     21st May 2019 Zimbabwe secured a $500-million loan from the African Export-Import Bank to try and stabilize its currency market by offering platinum production as collateral, a person familiar with the details of the agreement said. The Reserve Bank of Zimbabwe on Saturday announced on Twitter that the money... 

Gemfields reports signs of recovery in emerald sector

By: Tasneem Bulbulia     20th May 2019 JSE-listed Gemfields continues to see “encouraging” signs of a recovery in the emerald sector, product and sales MD Adrian Banks said in a statement on Monday. This follows Gemfields’ latest auction of higher-quality rough emeralds, in Singapore, which generated revenue of $22.4-million and... 

Tanzania fines Acacia Mining $2.4m over alleged pollution

By: Reuters     20th May 2019 Tanzania's mining minister said on Monday Acacia Mining had been fined 5.6-billion Tanzanian shillings ($2.4-million) for alleged pollution at its North Mara mine. Acacia, majority-owned by Barrick Gold, is embroiled in a long-running tax dispute with Tanzania. 

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